BAKU, Azerbaijan, Jan. 8
By Nargiz Sadikhova - Trend:
The cost of one square meter of new housing in Kazakhstan amounted to 293,518 tenge (approximately $769) in December 2019, which is 6.4 percent more than in December 2018, Trend reports with reference to the data of the Committee of Statistics of Kazakhstan.
Cost of resale of comfortable housing equaled 200,379 tenge (approximately $525) per square meter, which is 6.2 percent more than in December 2018.
Furthermore, the cost of resale of non-comfortable housing stood at 125,379 tenge (approximately $328) per square meter in December last year, which is 5.7 percent more than during the same period of the previous year.
Rent of one square meter of comfortable housing increased by 7.1 percent compared to December 2018 having reached 1,500 tenge (approximately $3.9).
Over 28 years of independence, 141 million square meters of housing have been commissioned in Kazakhstan. Country is developing a unified model of housing development throughout the country, where the main principle is to increase the affordability of housing, especially for socially sensitive segments of the population.
In order to improve the living conditions of the population and create affordable opportunities, the introduction of new mortgage lending programs, which further increased the availability of housing mortgages, was initiated in the country.
---
Follow the author on twitter: @nargiz_sadikh